SUSTAINABILITY REPORTING AND CORPORATE PERFORMANCE: EVIDENCE FROM LISTED COMPANIES IN NIGERIA
OHAKA, John
Department of Accountancy, Faculty of Management Sciences,
Rivers State University, Port Harcourt, Nigeria
and
OBI, Happiness Ijeoma
Department of Accountancy, Faculty of Management Sciences,
Rivers State University, Port Harcourt, Nigeria
ABSTRACT
This study seeks to ascertain the effect of Sustainability Reporting on corporate performance of selected quoted companies in Nigeria. This research employed ex-post facto design. The sample for the study was made up of 96 companies selected from 126 companies quoted on the Nigerian Stock Exchange. This research utilised secondary data. A model specification based on regression model was used. The statistical technique employed in testing the hypotheses was Pearson product moment correlation technique aid by SPSS version 22. Findings from this study showed that Sustainability Reporting (proxied by environmental expenditure) impacts positively on financial performance (Proxied by Profit) of companies investigated. The study recommended among others that companies are encouraged to adopt this reporting system. Companies should also adhere to guidelines on environmental best practices and in investing in latest eco-efficient technologies that promote earth conservation, reduction in degradation and pollution of the environment inspired by a deep seated understanding that discourages the compromise of mortgaging ability of the future generation to meet their needs as they currently enhance profitability.Keywords: Corporate Performance, Environmental Accounting, Sustainability Reporting, Nigeria